Tax Day Infographic and Taxpayer Resources from WalletHub

by Hank Coleman

With Tax Day just over a week away, the personal finance website WalletHub released its Tax Day By The Numbers report, which features an infographic filled with fun facts about tax season as well as insights from a panel of leading tax experts.

You can find a handful of highlights below, followed by additional taxpayer resources from WalletHub.

  • 35 Cents – Cost for the IRS to collect $100 in federal revenue.
  • 1 in 5 – People would get an “IRS” tattoo for a tax-free future.
  • 6 Billion Hours – Total time Americans spend on their taxes each year.
  • 17.8 Minutes – Average wait time when calling the IRS in 2016 (42% less than in 2015).
  • 70% – Of filers get a federal tax refund ($2,897 on average).

Tax Day Infographic

Source: WalletHub

Here are some great last minute tax tips and taxpayer resources for Americans from WalletHub as well.

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  • Watch out for scams
  • Have all the right paperwork
  • Seek free tax advice
  • Use reliable tax software
  • Contribute to an IRA and/or HSA
  • Assume you’re going to be audited
  • Use your investing losses to your advantage

What about you? What are your favorite tax tips and taxpayer resources? I’d love to hear your thoughts?

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]

Hank Coleman has written 582 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.

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